Page 369 - FY 2020-21 Blue Book Volume II
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Capital Finance Administration Fund
24. MICLA Lease Revenue Bonds, Series 2018-A (Capital Equipment)
The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed to
acquire various capital equipment items.
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 54,430,000
Principal Outstanding, July 1, 2020: 46,130,000
Final Payment: 2027-28
2020-21 MICLA 2018-A (Capital Equipment) Lease Payment $ 6,996,250
25. MICLA Lease Revenue Bonds, Series 2018-B (Real Property)
The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed for the
capital improvements to various City facilities.
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 31,270,000
Principal Outstanding, July 1, 2020: 29,695,000
Final Payment: 2037-38
2020-21 MICLA 2018-B (Real Property) Lease Payment $ 2,503,625
26. MICLA Lease Revenue Refunding Bonds, Series 2018-C (Real Property - Taxable)
The proceeds of these taxable bonds were used to refund MICLA AK Taxable Certificates of Participation
(Hollywood and Highland Project, Dolby Theater).
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 25,630,000
Principal Outstanding, July 1, 2020: 21,245,000
Final Payment: 2027-28
2020-21 MICLA 2018-C (Real Property) Lease Payment $ 3,005,238
27. MICLA Street Lighting 2019 (Lease Obligations)
The proceeds from this issuance were used to fund the conversion of existing streetlights to energy efficient
light emitting diode (LED) lighting and other improvements to the City’s street lighting system. This issuance
was completed through a direct loan with a bank. Lease payments are paid from the Street Lighting
Maintenance Assessment Fund (Schedule 19).
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 17,845,462
Principal Outstanding, July 1, 2020: 17,845,462
Final Payment: 2028-29
2020-21 MICLA Street Lighting 2019 Lease Payment: $ 2,177,501
28. MICLA Lease Revenue Bonds, Series 2019-A (Capital Equipment)
The proceeds of this issuance were used to refinance the MICLA Commercial Paper notes borrowed to
acquire various capital equipment items.
Lessor: Municipal Improvement Corporation of Los Angeles
Amount of Principal: $ 86,610,000
Principal Outstanding, July 1, 2020: 84,010,000
Final Payment: 2028-29
2020-21 MICLA 2019-A (Capital Equipment) Lease Payment $ 11,630,000
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